Coronavirus Stimulus Bill

08 Jan

How Can Your Business Benefit From the Consolidated Appropriations Act?

Posted by cgadmin
July 12, 2022

Cg's Don Cowan and Michael DeMola will discuss key elements of the new COVID-19 Aid Package including tax relief, PPP provisions, unemployment benefits, and more during a free webinar on Wednesday, January 20 at...

06 Jan

Coronavirus Stimulus Bill, SBA

The Consolidated Appropriations Act Brings COVID-19 Relief (and More) to Individuals

Posted by cgadmin
January 6, 2021

President Trump signed into law billions of dollars in long-awaited COVID-19 and economic relief. The relief package is part of the nearly 5,600-page Consolidated Appropriations Act (CAA), which also contains numerous other tax, payroll...

29 Dec

Coronavirus Stimulus Bill, SBA

President Signs COVID-19 Relief Bill

Posted by cgadmin
December 29, 2020

We sent information last week regarding the COVID-19 Assistance Package designed to provide relief from the coronavirus pandemic. On December 27, President Trump signed this bill into law. Here are a few of the...

28 Dec

Coronavirus Stimulus Bill, Federal Tax, SBA

COVID-19 Relief Bill Provisions

Posted by cgadmin
December 28, 2020

On Dec. 27, President Trump signed a law that provides COVID-19 relief and makes consolidated government appropriations for the fiscal year. There are several tax provisions in the law. For example, eligible taxpayers can...

22 Dec

Coronavirus Stimulus Bill

COVID-19 Aid Package

Posted by cgadmin
December 22, 2020

Major Components of COVID-19 Relief Bill Provisions for federal tax deductibility of business expenses paid with forgiven PPP loans (reversing previous IRS guidance regarding nondeductibility). States may have different tax treatment regarding these expenses. ...

21 Dec

Coronavirus Stimulus Bill, Federal Tax

Update on New COVID-19 Assistance Package

Posted by cgadmin
December 21, 2020

Congressional negotiators have reached an agreement on a COVID-19 assistance package. The $900 billion deal will provide a second round of direct payments and boost unemployment benefits. The direct payments will be up to...

08 Sep

Coronavirus Stimulus Bill, Federal Tax

Status Update on the Additional COVID-19 Relief Bill

Posted by cgadmin
September 8, 2020

A cloud of uncertainty continues to surround another COVID-19 relief bill. Senate Majority Leader Mitch McConnell (R-Ky) has said he is unsure if negotiators for another COVID-19 relief bill will reach an agreement. The...

10 Aug

Coronavirus Stimulus Bill, Federal Tax

EIP Per Qualifying Child

Posted by cgadmin
August 10, 2020

The IRS is issuing $500 per qualifying child to some parents. These individuals used the IRS Non-Filers tool before May 17, 2020, and claimed at least one qualifying child. These individuals didn’t receive the...

24 Apr

Coronavirus Stimulus Bill

Congress Expands Small Business COVID-19 Relief

Posted by cgadmin
April 24, 2020

Congress and the Trump administration have struck a deal on another piece of legislation, the latest in a series of federal measures intended to provide relief in response to the novel Coronavirus (COVID-19) pandemic....

22 Apr

Coronavirus Stimulus Bill, Federal Tax, SBA

Senate Passes COVID-19 Relief Package

Posted by cgadmin
April 22, 2020

The U.S. Senate has passed a $484 billion bill that will expand small business aid and provide needed funds for hospitals and novel Coronavirus (COVID-19) testing. Specifically, the deal allocates $310 billion to replenish...

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